Be prepared they could remove Citi, Banc of America, Amex, and JP Morgan out of Dow, and replace them with ABX, Goldfield, Newmont, ...
Dow could easily be in five digits.
Just Kidding.
Well, there is some truth. It is easy to manipulate 30 stocks, in and out of index to make it look good, soon or late.
We have destroyed financial sector. Not much left. If Citi drop another $1.95, it become zero.
Next target: Big oil companies and Tech stocks. They have not marked down siginficantly. Easy target, particularly oil stocks still attached to the past glory, will be hammered hard by next qtr report.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |